Trading ended on Tuesday, with the number of securities changing hands rising Monday’s levels and leading to more shares changing hands than at the close of the Jamaica Stock Exchange US dollar market on Monday as eight securities changed hands, compared to four on Monday with prices of three rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index gained 3.56 points to end at 204.23.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio calculations use earnings forecasts ICInsider.com of companies with the financial years, ending up to August 2022.
A total of 31,355 shares traded for US$3,063 down from 23,647 units at US$5,377 on Monday. Trading averages 3,919 units at US$383 versus 5,912 shares at US$1,344 on Monday and month to date an average of 4,584 shares at US$703. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share gained 0.95 of a cent to end at 6.95 US cents in an exchange of 58 shares, Margaritaville ended unchanged at 9.5 US cents, trading 17,200 stocks, MPC Caribbean Clean Energy rallied 16.2 cents to close at US$1.242 in trading 673 units. 
Proven Investments fell 0.27 of a cent to 22.5 US cents with an exchange of 849 stock units, Sterling Investments remained at 2.1 US cents after exchanging 432 shares, Sygnus Credit Investments USD share shed 0.3 of a cent to land at 12.6 US cents with 82 stock units crossing the market. Sygnus Real Estate Finance USD share increased 0.1 of a cent to 14 US cents with the swapping of 2,061 stocks and Transjamaican Highway finished unchanged at 0.9 US cents, with 10,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market ekes out some gains
Subdued trading on JSE USD market
Trading on Monday ended with the volume of shares changing hands plunging 98 percent and the value falling 84 percent below Friday’s trades, at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with four securities changing hands, compared to five on Friday and ended with no price gains, two declines and leaving two unchanged. The JSE US Denominated Equities Index rose 5.15 points to start the New Year off with a positive move at 200.59.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratios use ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 23,647 shares traded for US$5,377 compared to 1,437,106 units at US$32,726 on Friday. Trading averaged 5,912 units at US$1,344, compared to 287,421 shares at US$6,545 on Friday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows two stocks ending with a bid higher than their last selling prices and one with a lower offer.
At the close, Proven Investments dropped 0.02 of a cent to end at 22.77 US cents while exchanging 20,654 shares, Sygnus Credit Investments USD share, finished unchanged at 12.9 US cents, with 2,319 stock units changing hands and Sygnus Real Estate Finance USD share ended at 13.9 US cents in switching ownership of 365 stocks.
In the preference segment, JMMB Group 6% shed 7 cents to close at US$1.05 in exchanging 309 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
64% gains for ICTOP10 picks in 2021
The 2021 calendar year ended on Friday, with the Junior Market rising a near 30 percent and the Main Market just holding above the close of the prior year. Against this backdrop ICInsider.com TOP 15 stocks at the start of the year had a 53 percent average gain in the Junior Market but 64 percent when Honey Bun that was reported on in December 2020 and Future Energy Sources (Fesco) that was Buy Rated when the IPO hit the market was up and impressive 64 percent.
IC Buy Rated Caribbean Producers was by far the best performing stock on the JSE for 2021.
Only three Junior Market stocks declined amongst our selection with Elite being the worse with a loss of 11 percent.
TOP10 MM stock did not do as well as the JM but that was told to readers at the start of the year. The average gain for the TOP15 Main Market stocks was 10 percent that excludes Caribbean Producers. The highest gaining stock from the list was Radio Jamaica up 61 percent and Grace Kennedy 58 percent, the two worse performers were Berger Paints and Scotia Group down 12 percent each.
The big news for the market for the past week continues to be the Initial Public offer of Spur Tree Spices priced at $1 per share that was heavily oversubscribed.
Medical Disposables rose 7 percent for the week to $6.49 and dropped out of the TOP10 and was replaced by General Accident that comes in at $6. In the Main Market TOP10, Sagicor Group rose 9 percent for the week to close at $58 and was replaced by Scotia Group at $36.
During the week AMG Packaging rose 4 percent to $2.20, Access Financial Services lost 9 percent to $19, Lasco Distributors rose 6 percent to $3.47, Elite Diagnostic rose 5 percent to $2.85 and Honey Bun gained 8 percent to $9.25. In the Main Market, Caribbean Producers popped 9 percent to $13, JMMB Group and PanJam Investment rose 3 percent, while losses were suffered by Radio Jamaica down 5 percent and Sterling Investments with a fall of 7 percent
The top three Main Market stocks, this week are Guardian Holdings followed by JMMB Group and Radio Jamaica all projected to gain between 199 and 258 percent up from 183 and 261 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers and Access Financial Services. All three can gain between 174 and 218 percent versus 158 and 230 percent, previously.
The average gains projected for the TOP 10 Junior Market stocks remained unchanged at 149 percent and Main Market stocks moved from 154 percent to this weeks’ 152 percent.
The Junior Market closed the week, with an average PE of 14.8 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. 
The TOP 10 stocks trade at a PE of a mere 8.2, with a 45 percent discount to that market’s average.
The Junior Market can gain 35 percent to March next year, based on an average PE of 20 and 15 percent based on an average PE of 17.
The average PE for the JSE Main Market is 16.4, just 16 percent less than the PE of 19 at the end of March and 22 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.2 representing a 50 percent discount to the market and well below the potential of 20. A total of 13 stocks or 28 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Trading falls, prices drop to close year
Trading on Friday ended with the volume of shares changing hands declining by 91 percent with 99 percent less value than on Thursday and helping to send the market index down at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with five securities changing hands, the same number as Thursday with prices of one rising, two falling and two ended unchanged.
The JSE US Denominated Equities Index lost 5.99 points to end at 195.51, to gain 4.9 percent for 2021.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 1,437,106 shares traded, for US$32,726 down from 15,364,161 units at US$3,329,669 on Thursday.
Trading averaged 287,421 units at US$6,545, compared to 3,072,832 shares at US$665,934 previously and month to date an average of 439,975 shares at US$68,382 versus 446,786 units at US$71,142 on Thursday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of trading, First Rock Capital USD share shed half of a cent to end at 6 US cents in exchanging 9,000 shares, Proven Investments fell 0.2 of a cent to 22.79 US cents while exchanging 102,069 stocks, Sygnus Credit Investments USD share ended at 12.9 US cents after trading 7 shares and Transjamaican Highway increased 0.06 of a cent to 0.9 of a US cent in switching ownership of 1,326,010 units.
In the preference segment, Eppley 6% remained at 98 US cents after exchanging 20 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Plunge in JSE USD market index
Trading on Wednesday ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands surging 17,386 percent after pulling in 34,486 percent more funds than on Tuesday and resulting in a 14.07 points plunge in the US Denominated Equities Index to 201.50 as no stock rose for the day.
Five securities, traded against six on Tuesday, with none rising, three declining and two ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratios use earnings forecasted by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
A total of 15,364,161 units traded at US$3,329,669 compared to 87,866 shares traded for US$9,627 on Wednesday. Trading ended with an average of 3,072,832 shares at US$665,934, compared to 14,644 units at US$1,605 on the previous day and the month to date averages 446,786 shares at US$71,142 compared to 324,073 shares at US$43,348 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than their last selling price and two with lower offers.
At the close, First Rock Capital USD share dipped 0.46 of a cent to close at 6.5 US cents in an exchange of 1000,000 shares, Productivity Solutions traded one stock unit at $1.10 after losing 23 cents, Proven Investments slipped 0.01 of a cent to end at 22.99 US cents after trading 14,208,137 units, Sygnus Credit Investments USD share ended at 12.9 US cents, with 10,006 stocks crossing the market and Transjamaican Highway finished trading at 0.84 of one US cent, with 146,017 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for JSE USD market
Trading on Wednesday ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands declining after trading 56 percent attracting 163 percent more funds than on Tuesday and resulting in a 2.55 points rise in the US Denominated Equities Index to 215.57 as rising stocks edged out those falling.
Similar to trading Tuesday, six securities changed hands, with two rising, one declining and three ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.8. The PE ratios use earnings forecasts by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 87,866 shares traded for US$9,627 versus 198,530 units at US$3,666 on Tuesday. Trading averaged 14,644 units at US$1,605, against 33,088 shares at US$611 on the previous day, with the month to date averaging 324,073 shares at US$43,348 versus 342,455 units at US$45,828 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than their last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share popped 0.01 of a cent to close at 6.96 US cents in an exchange of 5,450 shares, Proven Investments ended at 23 US cents after trading 10,911 units, Sterling Investments finished at 2.1 US cents as 2,522 stock units changed hands. Sygnus Credit Investments USD share rose 0.85 of a cent to end at 12.9 US cents, with 50,485 stocks crossing the market and Transjamaican Highway fell 0.01 cents in ending at 0.84 of one US cent, with 18,489 shares changing hands.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.999 with an exchange of 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for JSE USD stocks
Trading on Tuesday ended with the volume of shares changing hands rising 91 percent, but with 77 percent lower value than on Friday, as the final week of the year for the Jamaica Stock Exchange US dollar market, commenced activity, resulting in more stocks declining than those rising.
Trading ended with six securities changing hands, compared to seven on Friday with prices of two rising, three declining and one left unchanged.
The JSE US Denominated Equities Index gained 2.21 points to end at 213.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 198,530 shares traded for US$3,666 compared to 103,747 units at US$16,128 on Friday. Trading averaged 33,088 units at US$611, versus 14,821 shares at US$2,304 on Friday, with the month to date averaging 342,455 shares at US$45,828 versus 361,994 units at US$48,684 on Friday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share dropped 0.01 of a cent to close at 6.95 US cents, with 40 shares changing hands, Productive Business Solutions declined 0.4 of a cent in closing at US$1.33 in trading one unit, Proven Investments rose half a cent to end at 23 US cents in exchanging 5,734 stocks. Sterling Investments finished at 2.1 US cents after trading 100 stock units, Sygnus Credit Investments USD share fell 0.85 of a cent to 12.05 US cents in an exchange of 7,156 stock units and Transjamaican Highway popped 0.14 of one cent to end at 0.85 of a US cent trading 185,499 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Spur Tree Spices joins ICTOP10
The big news for the market for the past week was the release of the prospectus of the long-awaited Initial Public offer of Spur Tree Spices priced at $1 per share at PE of 8.7 based on earnings before tax and propelling the stock in this week’s Junior Market ICTOP10. Investors should also see the prospectus release for Jamaica Fibreglass Products this week or next.
Spur Tree pushed Jetcon Corporation out of the TOP10, with the latter enjoying a 9 percent price rise to 99 cents. Over in the Main Market TOP10, Sagicor Group rose just 2 percent to close at $53.
During the week, AMG Packaging rose 3 percent to $2.12, Access Financial Services climbed 7 percent to $20.95, Lasco Distributors rose 6 percent to $3.47, but Elite Diagnostic and Honey Bun both fell 10 percent to $2.71 and $8.55, respectively and Caribbean Cream fell 4 percent to $5.70.
The public offer for Spur Tree Spices shares opens on Wednesday this week and should be heavily oversubscribed, with closure likely by the end of the week.
This week, the top three Main Market stocks are Guardian Holdings, followed by JMMB Group and Radio Jamaica, all projected to gain between 183 and 261 percent, up from 178 and 257 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 158 and 230 percent versus 167 and 240 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 149 percent last week to 151 percent and Main Market stocks moved from 155 percent to this weeks’ 154 percent.
The Junior Market closed the week with an average PE of 14.4 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 44 percent discount to that market’s average.
The Junior Market can gain 39 percent to March next year, based on an average PE of 20 and 18 percent based on an average PE of 17.
Eleven stocks representing 26 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.1, some 18 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.1, representing a 51 percent discount to the market and well below the potential of 20. A total of 13 stocks or 28 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners; accordingly, the list may or may not include the best companies in the market.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
No stock lost value on the JSE USD market Friday
Trading on Friday ended with the volume of shares traded dropping 66 percent with a marginal change in the value of funds changing hands than on Thursday on the close of the Jamaica Stock Exchange US dollar market, resulting in no stocks declining.
Seven securities traded, compared to six on Thursday, with prices of four rising, none declining and three ending unchanged. The JSE US Denominated Equities Index rose 0.73 points to end at 210.81.
A total of 103,747 shares traded with a value of US$16,128 versus 303,241 units at US$16,780 on Thursday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio uses ICInsider.com’s earnings forecasts for each company, with the financial year ending during the current year up to August 2022.
Trading averaged 14,821 units at US$2,304, against 50,540 shares at US$2,797 on Thursday and month to date an average of 361,994 shares at US$48,684 compared to 389,610 units at US$52,373 on Thursday. November trading averaged 79,766 shares for US$10,928.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.96 of a cent to 6.96 US cents after switching ownership of 296 shares, 
Margaritaville ended at 9.5 US cents trading 63,000 units, MPC Caribbean Clean Energy remained at US$1.08, with five stock units crossing the market. Sterling Investments rose 0.01 of a cent to 2.1 US cents, with 1,830 stocks changing hands and Sygnus Credit Investments USD share gained 0.3 of a cent to 12.9 US cents while exchanging 35,917 stocks.
In the preference segment, Eppley 6% finished unchanged at 98 US cents in exchanging 199 shares and JMMB Group 5.75% increased 8 cents to US$2.10 after trading 2,500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stock prices tumble on JSE USD market
Trading picked up on Thursday and ended with the volume of shares changing hands jumping 678 percent more than on Wednesday with 200 percent higher value at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising and ended with slippage in the market index.
Six securities traded, compared to seven on Wednesday with prices of one rising and five declining. The JSE US Denominated Equities Index lost 4.72 points to end at 210.08.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
In closing, 303,241 shares traded at US$16,780 compared to 38,972 units at US$5,600 on Wednesday. Trading averaged 50,540 units at US$2,797, compared to 5,567 shares at US$800 on Wednesday and month to date an average of 389,610 shares at US$52,373 versus 414,420 units at US$56,001 on Wednesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share declined 0.98 of a cent in closing at 6 US cents after trading 21,501 shares, Margaritaville shed half a cent to close at 9.5 US cents with an exchange of 1,362 units, Proven Investments dropped 0.3 of a cent to end at 22.5 US cents after 57,950 stocks changed hands. Sterling Investments fell 0.01 of a cent ending at 2.09 US cents in an exchange of 10,000 stock units, Sygnus Credit Investments USD share increased 0.02 of a cent to 12.6 US cents with 2,428 stock units crossing the market and Transjamaican Highway lost 0.13 of a cent and ended at 0.71 US cents after exchanging 210,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.